- Home
- Middle East
- UAE
- UAE to participate in international conference to support Sudanese transition, summit on financing A ..
UAE To Participate In International Conference To Support Sudanese Transition, Summit On Financing African Economies In France
Sumaira FH Published May 17, 2021 | 05:45 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 17th May, 2021) Khalifa Shaheen Al Marar, Minister of State, is heading the UAE delegation participating in the Paris International Conference to Support the Sudanese Transition and the Summit on Financing African Economies in Paris, France.
President Emmanuel Macron of France is hosting the international conference on Sudan at the Grand Palais Éphémère, with the attendance of 18 presidents and heads of governments, while several other presidents and government representatives will take part via video conferencing.
The conference aims to support the Sudanese economy after the country was removed from the list of state sponsors of terrorism. France and Sudan drafted a series of projects to be presented during the conference covering various sectors, such as agriculture, energy, mining, infrastructure, transport and digital transformation.
The event’s participants will discuss ways of lifting, delaying or rescheduling Sudan’s debts to enable its transitional government to develop its economy and address relevant challenges.
France also pledged to provide Sudan with nearly US$1.4 billion to pay its overdue debt to the International Monetary Fund (IMF), similar to the United States loan that enabled Sudan to pay off its debt to the World Bank, as well as the decision of the United Kingdom regarding the country’s debt to the African Development Bank.
France will also urge Sudan’s friends and pressure international financial institutions to reduce or wipe out its debts.
In a statement, the Élysée Palace stressed that the summit, which will take place tomorrow, was organised after 18 African and European leaders agreed on 15th April, 2020, to mobilise the efforts of the international community to address the effects of the health and economic crisis caused by the coronavirus (COVID-19) pandemic in Africa.
France aims to collect at least $400 billion to cover the IMF Special Drawing Rights (SDR) amounting to $650 billion, to finance African economies significantly affected by the pandemic.
Related Topics
Recent Stories
Non-Muslim Pakistanis enjoy freedom, state patronage: Kundi
Dengue Control Committee gathers in Jhang
BHP launches $38.8 billion takeover bid for rival Anglo American
Saudi oil giant Aramco agrees major FIFA sponsorship deal
Awais Leghari meets Chief Minister Sindh
Putin says plans to visit China in May
IHC adjourns cipher case till April 30
Identification specifics required to know about lawmakers put on travel stop lis ..
Court stops PTI founder, his wife from provocative statements against institutio ..
Higher taxes, awareness help decrease cigarettes sale in Pakistan
Sindh Minister of Works and Services Ali Hassan Zardari reviews ongoing projects ..
7 ordinances laid in Senate
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago